Sep 30, 2012 11:00pm EDT
default on u.s. debt, it is a disaster worldwide. i thought we had learned something from that a year ago. apparently, we have not. the worst thing that happens is a u.s. default on its debt. it would be catastrophic. for no reason, idiotic. it is crazy. >> what is the result? >> every bank in the united states, every major bank, is bankrupt. suddenly, your capital is gone. a lot of capital is tied up in government securities. >> what happens if i go to the bank and what my money? >> it might or may not still be there. it is not like the banks would close. they would not be able to lend. it was like four years ago where you were facing massive bank failures. you still get your money but you would not get a loan. your company might not be able to pay you. the soundest companies in the world could not borrow money. >> there is not enough money. >> of course not. we are talking trillions of dollars. i am not saying a united states the fault is tomorrow. bank of america would end and j.p. morgan would close their doors and got out of business. but it is a serious hit into commerce, o
Oct 22, 2012 6:00am EDT
whom the u.s. needs to figure out the proper way to engage. it is a religion that many people have practiced in many different ways and, in that way, it is almost like any other religion. in trouble with. why do they believe in mohammed? where does that come from? jesus? >> same question. what you saw, up close. >> that is a tough question. there are people who fall away from that belief. i remember a man i spoke with in pakistan walking together away from other people. he said, i am an atheist. i cannot tell people that, here. there is a cultural pressure to have a certain kind of belief, a certain set of beliefs. people come to that faith in many different ways. some people grow up in it, some people know the history, some people become very absorber in specific rules they have to follow. >> if somebody in your home town said, you have to be a muslim --[laughter] life change? sharia law and all that. give me some examples. >> let me mention a slightly different example. it is not far away. i have a colleague at npr who is of pakistani origin. who is from my home state of indiana.
Oct 15, 2012 6:00am EDT
are going to show you two live u.s. senate debates. first, in ohio. that is live at 12:30 p.m., eastern. later, the indiana state treasurer faces off against congressman joe donnelly. that is live at 7:00 p.m. eastern. today, on "washington journal" we will discuss the presidential campaign with former florida republican party chairman. then we look at politics and policy in the presidential campaign. our guest is bob deans with
Oct 14, 2012 8:00pm EDT
two live u.s. senate debates. the first is from ohio. that is live at 12:30 p.m. eastern. later, from indianapolis, the indiana state treasurer faces off against the congressman. that is also live at 7:00 p.m. eastern. the british house of commons -- we will look at the conservative party conference from england. michael bloomberg praised the efforts of british prime minister david cameron and his government. he talked about the success of the london olympics and a coalition government's deficit reduction plan. reduction plan. this is about